Egypt is "firmly committed to addressing its economic and financial challenges," the IMF says,...

|By:, SA News Editor

Egypt is "firmly committed to addressing its economic and financial challenges," the IMF says, in a joint statement with Egyptian Finance Minister Al-Mursi al-Sayed Hejazy. It now appears a deal between Egypt and the IMF for $4.8B in aid could be finalized within the next month. An agreement would help the country combat an economic crisis characterized by a shortage of foreign currency and fuel and a flagging Egyptian pound (I, II, III).